products

Management information system

The Financial Studio management information system (MIS) provides several modules for measuring and supporting your business performance.  It allows you to track and manage costs and revenues at all operational levels per product, company division, distribution channel, customer segment, or individual customer, ...

Product and Customer Profitability

  • enables your organisation to look beyond classic profit & loss statements and summary profitability models.
  • provides the tools that help to better understand and manage business performance, products and customers.
  • makes quantitative and qualitative measurements of the earnings you make from different products and customers, enabling a much clearer and more accurate calculation of your company’s true value.
  • gives a multidimensional view across entities, organisational levels, products and product groups, customer and customer groups, contracts, and account managers.
  • uses a range of different profit models, or calculators, to perform in-depth analysis and drill down at any hierarchical level of detail for cost and income over different periods.

Cost Allocation

  • manages complex and waterfall-driven cost allocations, giving you more effective control over your organisation’s spending.
  • allows you to use all the different types of distribution models, including the most up-to-date activity-based costing methods. These methods are assigned and shared to direct and indirect costs at individual product level, customer level, branch level, or to any other cost centre you define.
Management Accounting
  • embraces a range of activities, including costing, budgetary control, marginal costing, and the preparation of management and financial ratios.
  • assists you in acquiring, analysing, and preparing the business-critical data needed to support decision-making at the strategic, tactical, and operational levels within your organisation.
  • makes it easier to identify, adjust, and control account and system discrepancies.

Fast and effective analysis and reporting of financial and allied operating data is crucial to the successful operation and administration of your enterprise. It’s becoming even more critical today as companies face closer financial scrutiny and more stringent accounting and reporting requirements.

Budget and Control

  • coordinates and consolidates budget planning and development,
  • supports matrix-based budget tracking across a number of key elements relevant to your organisation items, such as lines of business, counterparties, and contracts,
  • performs automated consolidation of aggregate budgets and budget process administration, and provides multiple budget support,
  • allows for budget numbers to be entered or imported from spreadsheets or other systems,
  • allows you to define the structure of your budget by selecting the business unit types and codes and account numbers to be included,
  • helps you develop different versions of the same budget,
  • tracks the supporting details within an account,
  • drills down from the general ledger account into the underlying accounting movements by category and period,
  • brings variance analysis against actuals and forecasts as standard.

 Looking for more information about FinArch's MIS solutions ? Contact us.